UK DIY News

Kingfisher appoints Matthew Stone as property investment director

B&Q and Screwfix owner, Kingfisher, has poached its new property investment director from Cushman & Wakefield.

Matthew Stone was an equity partner at Cushmans responsible for EMEA corporate finance for occupier clients and joined the Kingfisher property team this week.

Stone will work with the property teams to ensure the group’s store portfolio is funded in the most appropriate way. He will report to Ian Playford, group property director.

Kingfisher is Europe’s largest home improvement retailer with more than 1,025 stores across eight countries in Europe and Asia, comprising more than 65m sq ft of space.

Playford said: “Matthew has a wealth of experience in property investment and real estate corporate finance and I have no doubt that this experience will help us to drive efficiencies in our assets and capital base under Kingfisher’s creating the leader strategy.”